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Tuesday, September 10, 2019

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Federal Bank links FD rates to RBI's Repo Rate..!


Federal Bank links FD rates to RBI's Repo Rate..!

Since, 2019 - 1 September, savings deposits of Federal Bank with balance less than ₹2 lakh have been earning interest consistent with the repo rate announced by RBI. 

At the prevailing rate, balances up to ₹1 lakh in savings accounts will earn an annual interest of 3.50%. 


Balance of over ₹1 lakh and less than ₹2 lakh will earn 3.25% per year.

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